Apple's Stock Recovery Is No Recovery At All

Core Viewpoint - Apple's stock has partially recovered from a sell-off, attributed to its lower exposure to infrastructure investments compared to other tech companies heavily investing in AI [1] Group 1: Stock Performance - Apple's stock is up 8% over the last year, while the S&P 500 is up 15% [1] - Year-to-date, Apple shares are down 3%, contrasting with a flat performance of the S&P 500 [1] - The recovery in Apple's stock following strong iPhone sales was short-lived [1] Group 2: Financial Performance - In the most recent quarter, iPhone revenue reached $85.3 billion, a significant increase from $61.2 billion in the same quarter last year [2] - Services revenue also achieved an all-time record, increasing by 14% year-over-year [2] Group 3: AI Investment Perspective - Apple's lack of investment in AI is viewed positively by some, as it avoids the risk of overspending on data centers that may not meet demand [3] - However, concerns exist that Apple may be falling behind in the AI race, relying on a partnership with Alphabet for AI capabilities [3] - Alphabet's stock has surged 73% in the last year, driven by significant investments in AI, with plans to spend $185 billion this year [4]